Leases definition
Examples of Leases in a sentence
Each related Mortgage and Assignment of Leases is freely assignable without the consent of the related Mortgagor.
There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage).
Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Leases are classified as finance leases where the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the property, plant or equipment from the lessor to the lessee.